In 1973,the Reform of the International Monetary System Resulted in the Change

question 64

Multiple Choice

In 1973,the reform of the international monetary system resulted in the change from:

• A) Adjustable pegged rates to managed floating rates
• B) Managed floating rates to adjustable pegged rates
• C) Crawling pegged rates to freely floating rates
• D) Freely floating rates to crawling pegged rates

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Definitions:

Nuclear Arms Race

the competitive buildup of nuclear weapons, primarily between the United States and the Soviet Union during the Cold War, leading to the development of vast arsenals on both sides.

Soviet Union

A federal socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), characterized by its single-party government led by the Communist Party.

Great Society Programs

A set of domestic programs launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.

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The rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.